Pantech CEO Resigns Control To Pantech Chairman

Pantech’s recent financial woes are being reported as the reason for CEO Sung-Kyu Lee’s resignation as head honcho of the company – after a mere 14 month stint as Chief. Pantech busted onto the US scene under Lee’s reign, but releasing phones through Cingular and Helio might just have taken too much out of this executive. Chairman of Pantech’s board, Byeong-Yeop Park, will take sole control of the company as President and Chairman. Park, along with the rest of the board, was apparently opposed to Lee’s resignation. But it did nab him both top spots in the company’s executive lineup – so take that as you will.

Via: Telecoms Korea